Writing off an uncollectible account affects only balance sheet accounts under the allowance method.
Pencil lead conducts electricity
you might short circuit some stuff
also, the lead could break and get stuck in the computer
Answer:
The Journal entries are as follows:
(a)
Bad Debt Expense A/c Dr. $440
To Allowance for Doubtful Accounts $440
(To record the bad debts)
Workings:
Bad Debt Expense = 1% of Total revenue
= 0.01 × $44,000
= $440
(b)
Bad Debt Expense A/c Dr. $439.34
To Allowance for Doubtful Accounts $439.34
(To record the bad debts)
Workings:
Bad Debt Expense = 2% of accounts receivable
= 0.02 × $21,967
= $439.34
According to the International Data Corporation (IDC), the crucial ability that will make cloud computing essential for businesses to succeed, sustain, and compete in today’s markets is D. Data-driven decisions.
<h3>What are data-driven decisions?</h3>
A data-driven decision is the use of facts, metrics, and data to guide strategic business decisions to align with organizational future goals, objectives, and current initiatives.
Data-driven decisions enable organizations to observe real data and gain predictive insights, enabling the organization to achieve efficiency and effectiveness in its operations.
Thus, according to the International Data Corporation (IDC), the crucial ability that will make cloud computing essential for businesses to succeed, sustain, and compete in today’s markets is D. Data-driven decisions.
Learn more about data-driven decision-making at brainly.com/question/17651028
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What is the difference between federal purchases and federal expenditures? F<span>ederal purchases require that the government receives a good or service in return, whereas federal expenditures exclude transfer payments. In this case, another way to remember the two are that federal purchase requires a purchase to be made for a good or service. A federal expenditure requires no purchase to be made but a transfer of payments to happen. </span>
